TUI reported a first-quarter underlying EBIT of €51m, a rise from €6m last year, amid growing demand for packaged holidays.
Bookings for the upcoming summer season increased only 2pc, and a shift in demand is moving away from Turkey towards new locations.
The company anticipates a €30m revenue drop in the second quarter due to a delayed Easter holiday in 2024 affecting travel spikes.
TUI’s Markets and Airlines segment experienced a 31pc decline in EBIT year-over-year, while its Holiday Experiences segment improved to €150.3m from €90.7m last year.
